The Progressive Corporation (NYSE:PGR) is reporting second quarter financial results on Wednesday 15th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, PGR is expected to report 2Q20 income of $ 1.74 per share from revenue of $ 9724.48 million.
For the full year, analysts anticipate top line of $ 40033.80 million, while looking forward to income of $ 6.18 per share bottom line.
Previous Quarter Performance
The Progressive Corporation reported income for the first quarter of $ 1.82 per share, from the revenue of $ 10,741.00 million. The quarterly earnings contracted 0.27 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 1.39 per share from $ 10340.00 million in revenue. The bottom line results beat street analysts by $ 0.43 or 30.94 percent, at the same time, top line results outshined analysts by $ 401.00 million or 3.88 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of The Progressive Corporation
Stock Performance
According to the previous trading day, closing price of PGR was $ 84.50, representing a 35.90 % increase from the 52 week low of $ 62.18 and a 0.01 % decrease over the 52 week high of $ 84.51.
The company has a market capital of $ 49.46 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”PGR” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 18th May 2020, maintained by Morgan Stanley at Overweight rating, with $ 94.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on May 8, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on July 7, 2020 and ex-dividend date on July 6, 2020.
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segments products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles.
